Voluntary Retirement Incentive for State Employees Includes New Premium Rates for Employees Who File for Retirement After October 1, 2009
Legislation signed by Governor Deval Patrick in August includes a health care contribution program for state employees. Chapter 65 of the Acts of 2009 offers state employees who file for retirement after August 7 and no later than October 1, 2009, with a retirement date no later than January 31, 2010, a premium contribution for GIC basic life and health insurance of 15%. Employees who file an application for retirement after October 1, 2009, will pay 20% of the premium. State retirees who filed for retirement prior to October 2, 2009, and who have retired on or before January 31, 2010, will continue to pay 15% of the basic life and health insurance premium. Like all GIC premium contributions for state enrollees, rates are subject to change as part of future Appropriation Acts.
See the state retiree rates section for the new premium contributions at the 20% rate. For additional information about retirement options, contact the State Board of Retirement: 1-617-367-7770. See you Human Resource Department for details concerning the retirement incentive.
This information provided by the Group Insurance Commission.